Revenue Account

Revenue Account

Revenue Account For The Period Ended 31 March 2018 In Respect Of Fire Insurance Business

Particulars

Schedule

Current Year

Previous Year

(` '000)

(` '000)

1.

Premiums earned (Net)

1

7,32,34,449

5,61,69,737

2.

Profit on sale of Investments (Net)

3756 146

38,81,559

3.

Forex Gain/( Loss)

-114 566

-1,15,812

4.

Interest, Dividend & Rent - Gross

6352 655

64,17,824

Total (A)

8,32,28,684

6,63,53,308

1.

Claims Incurred (Net)

2

6,39,03,197

4,38,50,303

2.

Commission (Net)

3

1,76,29,858

1,65,40,122

3.

Operating Expenses related to Insurance Business

4

5,60,170

6,25,864

4.

Expenses relating to Investments

7,994

8,584

5.

Premium Deficiency

-

-

Total (B)

8,21,01,219

6,10,24,873

Operating Profit /- Loss from Fire Business C = (A-B)

11,27,465

53,28,435

APPROPRIATIONS

Transfer to Shareholders' Account

11,27,465

53,28,435

Transfer to Catastrophe Reserve

-

-

Transfer to Other Reserves (to be specified)

-

-

Total (C)

11,27,465

53,28,435

As required by Section 40C (2) of the Insurance Act, 1938, we certify that, all expenses of management, wherever incurred, whether directly or indirectly, in respect of Miscellaneous Insurance Business have been fully debited in the Miscellaneous Insurance Revenue Accounts as expenses.

In Respect of Miscellaneous Insurance Business

Particulars

Schedule

Current Year

Previous Year

(` '000)

(` '000)

1.

Premiums earned (Net)

1

29,53,10,723

19,80,33,421

2.

Profit on sale of Investments (Net)

96,92,500

66,53,641

3.

Forex Gain/( Loss)

-3,87,157

-1,65,928

4.

Interest, Dividend & Rent - Gross

1,63,92,630

1,10,01,222

Total (A)

32,10,08,696

21,55,22,356

1.

Claims Incurred (Net)

2

25,88,44,922

16,16,07,382

2.

Commission (Net)

3

4,39,10,588

3,58,39,574

3.

Operating Expenses related to Insurance Business

4

15,28,033

16,84,283

4.

Expenses relating to Investments

20,627

14,714

5.

Premium Deficiency

-

-

Total (B)

30,43,04,170

19,91,45,953

Operating Profit/-Loss from Miscellaneous Business C = (A-B)

1,67,04,526

1,63,76,403

APPROPRIATIONS

Transfer to Shareholders' Account

1,67,04,526

1,63,76,403

Transfer to Catastrophe Reserve

-

-

Transfer to Other Reserves (to be specified)

-

-

Total (C)

1,67,04,526

1,63,76,403

As required by Section 40C (2) of the Insurance Act, 1938, we certify that, all expenses of management, wherever incurred, whether directly or indirectly, in respect of Miscellaneous Insurance Business have been fully debited in the Miscellaneous Insurance Revenue Accounts as expenses.

In Respect of Marine Insurance Business

Particulars

Schedule

Current Year

Previous Year

(` '000)

(` '000)

1.

Premiums earned (Net)

1

86,26,008

1,05,96,088

2.

Profit on sale of Investments (Net)

6,87,707

9,42,400

3.

Forex Gain/( Loss)

(

-27,241

)

-25,854

4.

Interest, Dividend & Rent - Gross

-

11,63,097

15,58,177

Total (A)

1,04,49,571

1,30,70,811

1.

Claims Incurred (Net)

2

26,63,724

75,59,059

2.

Commission (Net)

3

21,32,485

16,03,210

3.

Operating Expenses related to Insurance Business

4

56,222

63,385

4.

Expenses relating to Investments

1,464

2,084

5.

Premium Deficiency

-

-

Total (B)

48,53,895

92,27,738

Operating Profit/-Loss from Marine Business C = (A-B)

55,95,676

38,43,073

APPROPRIATIONS

Transfer to Shareholders' Account

55,95,676

38,43,073

Transfer to Catastrophe Reserve

-

-

Transfer to Other Reserves (to be specified)

-

-

Total (C)

55,95,676

38,43,073

As required by Section 40C (2) of the Insurance Act, 1938, we certify that, all expenses of management, wherever incurred, whether directly or indirectly, in respect of Marine Insurance Business have been fully debited in the Marine Insurance Revenue Accounts as expenses.

In Respect of Life Insurance Business

Particulars

Schedule

Current Year

Previous Year

(` '000)

(` '000)

1.

Premiums earned (Net)

1

37,89,365

23,49,737

2.

Profit on sale of Investments (Net)

1,09,361

36,617

3.

Forex Gain/( Loss)

-4,347

-718

4.

Interest, Dividend & Rent - Gross

1,84,958

60,542

Total (A)

40,79,337

24,46,178

1.

Claims Incurred (Net)

2

41,23,656

34,47,332

2.

Commission (Net)

3

28,593

61,100

3.

Operating Expenses related to Insurance Business

4

19,963

23,738

4.

Expenses relating to Investments

233

81

5.

Premium Deficiency

-

-

Total (B)

41,72,445

35,32,251

Operating Profit/-Loss from Life Business C = (A-B)

-93,108

-10,86,073

APPROPRIATIONS

Transfer to Shareholders' Account

-93,108

-10,86,073

Transfer to Catastrophe Reserve

-

-

Transfer to Other Reserves (to be specified)

-

-

Total (C)

-93,108

-10,86,073

As required by Section 40C (2) of the Insurance Act, 1938, we certify that, all expenses of management, wherever incurred, whether directly or indirectly, in respect of Life Insurance Business have been fully debited in the Life Insurance Revenue Accounts as expenses.